VAT Deductions Course

VAT Deductions Course in Malta, Learning Malta,  6.07.2015 -  7.07.2015

Description:

Who is it for?

This is an introductory course for those involved in preparation of a VAT return or else in the daily posting of invoices and required to determine whether VAT incurred on purchases and overheads can be claimed back or otherwise.

Why Should You Attend?

VAT is a tax on the consumer and should therefore not constitute a cost to businesses. This is ensured by the right to deduct input VAT incurred from output VAT charged to customers. This right is further enhanced by the right to claim a refund in the eventuality that input VAT exceeds output VAT. Not applying the rules correctly may result in under-claiming or over-claiming back input VAT, with the financial cost tied to both.

Learning Objectives:

The seminar will look at the main provisions dealing with input VAT recovery, explaining what determines the right to deduct input VAT, what VAT may never be deducted, and also discusses the powers of the Director General (VAT) and the penalties which can apply if VAT returns are incomplete or inaccurate.

Areas Covered in the Seminar:

• What is input VAT?

• Which supplies are taxable, exempt with credit and exempt without credit?

• What should appear on a VAT invoice?

• What are disbursements?

• What is required to reclaim input tax?

• What are the rules relating to motor cars?

• Under what circumstances can you recover VAT on entertainment expenses?

• How do you calculate the amount of input VAT you can reclaim if Partial Attribution applies?

Course Dates: 6th – 7th July 2015

Course sessions: 5.30pm – 8pm

Our trainer is a Tax Consultant and Lecturer

Refreshments and Course Notes included

To register for this course contact: garrett@people.com.mt or visit the website: www.people.com.mt

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Event Details


Event Type:

Learning

Location:


People & Co. Limited
Suite 4, Paolo Court, Triq Giuseppe Cali, Ta' Xbiex

Start Date:

6 July 2015

End Date:

7 July 2015

Website:

Host:

Garrett Kampff

Venue:


Venue:

People & Co. Limited

Address:

Suite 4, Paolo Court, Triq Giuseppe Cali

Contact No:

21322314/5

Website:

Dates:


6
Jul
VAT Deductions Course
People & Co. Limited, Ta' Xbiex - Learning
15:30
7
Jul
VAT Deductions Course
People & Co. Limited, Ta' Xbiex - Learning
15:30